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Houlihan Lokey: Fiscal 4Q Earnings Snapshot

LOS ANGELES (AP) _ Houlihan Lokey Inc. (HLI) on Wednesday reported fiscal fourth-quarter earnings of $45.3 million.

The Los Angeles-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs, were 86 cents per share.

The investment banking company posted revenue of $291.4 million in the period.

For the year, the company reported profit of $159.1 million, or $2.42 per share. Revenue was reported as $1.08 billion.

Houlihan Lokey shares have increased 29% since the beginning of the year. The stock has climbed slightly more than 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLI at https://www.zacks.com/ap/HLI